THE ‘PEACE DIVIDEND’: RUSSIA CAPTURES EUROPE 2014

Posted: May 28, 2014 in media

THE ‘PEACE DIVIDEND’: RUSSIA CAPTURES EUROPE 2014


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“. . . It may be politically shrewd to give domestic policy, as it affects an economy just beginning to recover from recession, a higher priority than foreign policy. But the collapse of Boris Yeltsin’s pro-Western, democratic Russian Government would have a far greater impact on the American economy than anything the new Administration could do at home. . . . The Yeltsin Government is in mortal danger. The National Salvation Front, an unholy alliance of ex-Communists and ultra-nationalists, have boldly demanded Boris Yeltsin’s resignation, a return to authoritarian rule and the restoration of the Soviet Union within its 1991 borders. That would be a prescription for the beginning of cold war II. . . . The peace dividend, which the Clinton Administration is counting on to help finance its new domestic policies, will be down the tube. Instead of cutting the defence budget, it will be necessary to increase defense spending by billions of dollars.”

Save the Peace Dividend
By Richard Nixon; Published: November 19, 1992 New York Times Archives

http://www.nytimes.com/1992/11/19/opinion/save-the-peace-dividend.html

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